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11:20 AM ET, February 27, 2024


 Top News: 
Disney's president of motion pictures, Sean Bailey, steps down; Searchlight's David Greenbaum takes over as president of Live Action and 20th Century Studios  —  EXCLUSIVE: Effective immediately, Walt Disney's President of Motion Picture Studios Sean Bailey, who turned the company's animation vault …
Sara Fischer / Axios:
The FT launches a venture arm to invest in media and tech startups, starting with $1M for Charter, a media and insights company focused on the workplace  —  - The company has made several strategic minority investments to date, including one in the Business of Fashion.
Alexandra Topping / The Guardian:
Dan Rys / Billboard:
UMG buys a majority stake in Nigeria-based record label Mavin Global in a deal expected to close by Q3; Mavin was reportedly valued at north of $125M in October  —  The company, home to artists like Rema and Ayra Starr, is at the forefront of Africa's Afrobeats movement, which has been exploding across the globe.
Inside Radio:
Kagan: in 2023, radio industry revenue totaled $15.15B, down 1.5% from $15.39B in 2022, and there were $212.5M worth of radio deals, down 35.6% YoY from $329.9M  —  Faced with a pullback in advertiser spending last year, radio's hustle paid off.  Thanks to a mix of revenue streams …
Sources: Charter Communications is exploring a takeover of smaller rival Altice USA, which serves ~5M customers across 21 US states; Altice stock is up 50%+  —  - Charter working with advisers on pursuing smaller rival  — Both firms have suffered with surge in wireless competition
Jon Passantino / CNN:
The New York Times says Donald Trump has paid $392,000 to the paper to cover the legal costs from his failed lawsuit over disclosure of his tax documents  —  Donald Trump has paid $392,000 to The New York Times to cover the legal costs from his failed lawsuit against the newspaper …
Discussion: The Daily Beast
Max Tani / Semafor:
A profile of influencer Jessica Reed Kraus, as Trump, RFK Jr., and other campaigns court her to reach her 1M Instagram followers and 300K Substack subscribers  —  The News  —  One week in January, Jessica Reed Kraus attended Donald Trump's Iowa victory afterparty at the Hotel Fort Des Moines …
Nilay Patel / The Verge:
Q&A with Crunchyroll president Rahul Purini about the streamer's focus on anime, working with creators in Japan, competing with Netflix, future plans, and more  —  The head of the fast-growing streaming service discusses the Funimation merger and shutdown and where he sees growth in anime.
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 More News: 
Emma Vowles / Press Gazette:
An interview with BBC News analysis editor Ros Atkins about his viral explainer videos, use of OSINT by journalists, fake news, and more
 Earlier Picks: 
Lauren Forristal / TechCrunch:
Whoopi Goldberg-backed BLKFAM, a FAST service focused on Black families, launches in the US with 1,000+ hours of kid-friendly animation titles and more
Max Goldbart / Deadline:
UK's Ofcom delivers its roadmap for implementing the Media Bill, saying regulation of streaming services will not come into place in full for two years
Discussion: Broadband TV News
The Guardian:
Former TV news executives and others criticize Ofcom for allowing GB News to violate broadcasting impartiality rules by dragging its feet with investigations
Columbia Journalism Review:
A profile of Dale Anglin, first director of Press Forward, a philanthropic effort to invest $500M over five years in local news and aiming to raise $500M more
Sam Buckingham-Jones / Australian Financial Review:
Australian businessman Kerry Stokes launches The Nightly, a daily online newspaper with backing from billionaires Katie Page, Chris Ellison, and Gina Rinehart